Grade 6 - Mathematics8.9 Profit and Loss Word Problems - I

Directions: Answer the following qustions. Also write at least five examples of your own.

Q 1: A vendor bought 500 eggs at $4 per 10 eggs. Of these, 50 eggs were found to be broken. If he sold the remaining eggs at $0.55 per egg, how much did he gain or lose?21 3/4% profit31 1/2% loss23 3/4% profit23 3/4% loss

Q 2: By selling a school-bag for $30, the seller loses $4. What is the cost price of the bag?$34$26$36$43

Q 3: Harry purchased a computer for $1500 and after using it for a year, he sold it for $1150. What is his percentage of loss or gain?19 7/8% loss23 1/3% loss23 1/3% gain25 1/4% gain

Q 4: A store owner purchased a gross of pencils for $216 and sold each pencil for $1.75. How much profit or loss did he make? (Hint : gross = 144)$36 profit$28 profit$36 loss$28 loss

Q 5: A store owner purchased a ream of paper for $50 and sold it in retail at $5.50 per quire. How much profit or loss did she make? (Hint: one ream = 20 quire)$60 loss$60 profit$50 loss$50 profit

Q 6: Micheal purchased a house for $110,000 and spent another $5,000 for upgrades. If he later sold the house for $130,000, how much percentage profit or loss did he make?13 1/23% profit15 2/3% profit13 1/23% loss24 1/2% profit

Q 7: Elizabeth purchased a home for $75,000 and a home site for $15,000. If she sold the home for $83,000 and the site for $11,000, how much percentage profit or loss did she make on both the transactions together?4 4/9% loss5 1/4% profit3 4/5% loss4 4/9% profit

Q 8: A vegetable vendor purchased 100 lbs of onions for $200 and sold them at $1.75 per lb. Did he make profit or loss?broke eveninsufficient informationprofitloss